28 Sep 2025 | 5 Mins Read
Couples' Guide to Tax-Exempt Property Gifts and Clubbing Rules
Flipitmoney
A wife can gift her flat to her husband without immediate tax implications or restrictions on selling. However, the husband's capital gains from selling the gifted flat will be calculated using the wife's holding period and cost of acquisition. The wife's income from the gifted asset will be taxed in her hands for as long as the husband holds it, through clubbing provisions.